Urban Fold

How Portland Sold Its Banks on Walkable Development

Finding financing is one of the biggest challenges for transit-oriented development. How did Portland convince its lenders to get on board?

Noah Kazis looks at how Portland, Oregon overcame the resistance of lenders to new forms of development:

"Megan Gibb runs Metro's transit-oriented development program, which works with developers and offers financial incentives for TOD. The Crossings, for example, received discounted land, tax breaks, and other financial incentives from Metro. "Our whole program is to build more market-comparables," said Gibb. "The more TOD projects there are, the more it builds on itself." Each project that gets built makes the next one easier to finance."

Kazis says that cities often need to "double down" on new projects, offering considerable incentives to break through the inertia and create new models.

Thanks to Noah Kazis

Full Story: How Portland Sold Its Banks on Walkable Development

Comments

Build Your Own Paper Block City

Urban Fold is an all-inclusive kit that allows anyone to build the city of their dreams with a few simple folds.
$24.95
building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25

City Coasters

Hand-drawn engraved maps of your favorite neighborhoods are divided up across 4 coasters making each one unique.
$36.00
Red necktie with map of Boston

Tie one on to celebrate your city!

Choose from over 20 styles imprinted with detailed city or transit maps.
$44.95